According to IMARC Group latest report titled “Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sparkling wine market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sparkling wine market size reached US$ 33.9 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 51.7 Billion by 2027, exhibiting a CAGR of 7.30 % during the forecast period (2022-2027).
Sparkling wine is a type of beverage that contains carbon dioxide bubbles that give it a unique sparkling appearance, fizzy effect, and taste. It is usually produced from white grapes, such as Chardonnay and Pinot Noir. Additionally, it is prepared using still wine that undergoes the traditional method of secondary fermentation after adding sucrose nutrients, adjuvants, and yeasts. The method allows the wine to sit for a period of time in a sealed bottle, while the carbon dioxide produced by the yeast is trapped in the bottle, providing the sparkling effect. It varies in sweetness, ranges from dry to sweet, and is often served as an aperitif or with dessert. Currently, it is widely consumed as a celebration drink on special occasions, including anniversaries, corporate parties, social gatherings, birthdays, and sports events. Some of the commercially available sparkling wines include cava, champagne, crémant, and prosecco.
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Market Trends:
The escalating demand for premium sparkling wines majorly drives the global market. This can be supported by the shifting lifestyle preferences of consumers and inflating income levels. Coupled with this, the growing socialization trend among the millennials, as they value quality and authenticity is significantly supporting the market. With the emerging trend of weekend gatherings and celebration parties across the corporate sector, this is also providing a boost to the demand. Apart from this, the wide utilization of online distribution channels for the marketing and distribution of sparkling wines, as more consumers seek convenience and access to the best available products is also positively influencing the market. Furthermore, the increasing investments in product innovations and new packaging formats, such as tetra paks and cans, to attract more customers is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and the rising trend of gifting sparkling wines with personalized bottles.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Accolade Wines
- Bacardi Limited
- Bronco Wine Company
- Casella Family Brands
- Caviro Extra S.p.A.
- Constellation Brands Inc.
- Freixenet Sa (Henkell & Co. Sektkellerei)
- Giulio Cocchi Spumanti Srl
- Illinois Sparkling Co.
- Quady Winery
- Treasury Wine Estates
- Vina Concha Y Toro
Sparkling Wine Market Segmentation:
Our report has categorized the market based on region, type, product, price point and sales channel.
Breakup by Type:
- Red
- Rose
- White
Breakup by Product:
- Cava
- Champagne
- Cremant
- Prosecco
- Others
Breakup by Price Point:
- Economy
- Mid-range
- Luxury
Breakup by Sales Channel:
- Supermarket and Hypermarket
- Specialty Stores
- On Trade
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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